Insider Selling: DTS Director Sells 3,500 Shares of Stock (DTSI)
DTS (NASDAQ:DTSI) Director Gregory L. Ballard sold 3,500 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $18.01, for a total value of $63,035.00. Following the sale, the director now directly owns 16,810 shares in the company, valued at approximately $302,748. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Zacks upgraded shares of DTS from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 22nd. They now have a $19.90 price target on the stock.
DTS (NASDAQ:DTSI) traded up 0.77% on Thursday, hitting $18.31. The stock had a trading volume of 66,794 shares. DTS has a 52-week low of $16.76 and a 52-week high of $24.65. The stock has a 50-day moving average of $17.7 and a 200-day moving average of $20.19. The company has a market cap of $316.5 million and a P/E ratio of 14.46.
DTS (NASDAQ:DTSI) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.01. The company had revenue of $36.80 million for the quarter, compared to the consensus estimate of $35.59 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts predict that DTS will post $1.29 earnings per share for the current fiscal year.
DTS, Inc is a provider of audio technologies that are incorporated into a range of consumer electronics devices by hundreds of licensee customers worldwide.
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